The market in recent days has mainly been characterized by fluctuations, with no significant one-sided trends. In last week's market, every day around 22:30, the time when the US stock market opens, the fluctuations were slightly larger due to the influence of the US stock market. The 15-minute K-line basically closed with dojis or crosses, and often several consecutive ones, making it easy to hit stop losses. Therefore, it's advisable to wait half an hour to an hour after the US stock market opens to choose an entry point, entering after the market stabilizes to avoid being stopped out by spikes. Liquidity is still much weaker compared to last month, and the strength of the bulls is relatively thin. Today, Japanese media announced that it is expected to raise interest rates to 0.75%, which is an increase of 25 basis points, and the meeting will take place on the 18th and 19th, which is currently the news to pay attention to.
Back to Bitcoin, it consolidated for two days over the weekend, still only showing direction at night; only those who stay up late can catch the market. Recently, it has been like this. Bitcoin last night had a minimum support around 87500, ranging from a low of about 80 to a high of about 94, using the Fibonacci tool for this range, it seems that the 0.5 position just happens to be around 87500, so if it breaks below 87500, the structure of this rebound will be damaged, and bulls need to be cautious. Today during the day, we look for a rebound near 90500, which is the top of the weekend's fluctuation range.
Bitcoin today has resistance above at around 90500 92700, and support below at around 87500 86100
Ethereum on the weekend also fluctuated, receiving limited support multiple times around 3040, which means the buying power at 3040 is strong and has not been exhausted yet, concentrated in the area from 3000 to 3040, where bulls consider it relatively safe. During the day, we look for a rebound near 3165, and currently, it is not suitable to chase long positions; it's better to wait a bit longer.
Ethereum today has resistance above around 3165 3265, and support below from 3040 to 3000 range.
Livermore: My thoughts have never made me big money, it is always my persistence that makes me big money.
Rationally view, the above content does not constitute any investment advice!#加密市场观察 $BTC $ETH
